Geode Capital Management LLC Acquires 7,382 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Geode Capital Management LLC grew its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 530,226 shares of the industrial products company’s stock after acquiring an additional 7,382 shares during the period. Geode Capital Management LLC owned about 2.42% of Apogee Enterprises worth $37,131,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock worth $57,620,000 after purchasing an additional 122,811 shares during the last quarter. American Century Companies Inc. raised its position in shares of Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after acquiring an additional 99,495 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Apogee Enterprises by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 303,220 shares of the industrial products company’s stock worth $19,053,000 after acquiring an additional 3,881 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Apogee Enterprises by 70.8% in the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after acquiring an additional 67,295 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in Apogee Enterprises by 4.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company’s stock valued at $8,582,000 after purchasing an additional 5,964 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 1.2 %

NASDAQ APOG opened at $72.07 on Wednesday. The stock has a market capitalization of $1.58 billion, a P/E ratio of 15.17 and a beta of 0.99. The business has a 50 day simple moving average of $79.66 and a 200 day simple moving average of $70.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a one year low of $51.15 and a one year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The company had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. During the same quarter last year, the firm posted $1.36 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on APOG shares. DA Davidson upped their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 17th.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).